A loan of $600 helped mr. Bustamante and his wife want to invest in a new grill for filleting the steaks.


Julio's story

Julio B. owns a shop in Guayaquil, Ecuador selling meat. He started the business by borrowing some money from his brother, and he has been growing it consistently ever since. Every day Julio works from 7am until 11pm and makes most of his money by selling at the big market near his house. He also supplies some smaller stores with meat. Mr. B. and his wife want to invest in a new grill for filleting the steaks, which he does most often. Julio is 45 years old and was born in Santa Elena. He has one young son, and his family lives in a modest cement house. Julio is hoping that he can generate enough revenue to save up for a car to start doing deliveries to all the stores that purchase meat from him.

Mifex offers its clients microinsurance and access to business training and educational programs. For more information about microfinance, Ecuador, and our services, please visit www.mifex.org.


Loan details


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Loan details